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You have asked only Requirement 3: Closing Entries
| Date | Accounts | Debit | Credit |
| Oct-31 | Service Revenue | $3,300 | |
| Income Summary | $3,300 | ||
| (Revenue account closed) | |||
| Oct-31 | Income Summary | $1,325 | |
| Rent expense | $1,225 | ||
| Salaries expense | $100 | ||
| (Expenses account closed) | |||
| Oct-31 | Income Summary | $1,975 | |
| Retained Earnings | $1,975 | ||
| (Net Income balance closed) | |||
| Oct-31 | Retained Earnings | $150 | |
| Dividends | $150 | ||
| (Dividend account closed) |
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Stuck on how to journalize?
Data Table 1,225 100 150 19,000 3,500 Dividends Print Done Requirement...
We were unable to transcribe this imageWe were unable to transcribe this imageKaty Realty loaned money...
We were unable to transcribe this imageWe were unable to transcribe this imageKaty Realty loaned money and received the following notes during 2018 EEB KClick the icon to view the notes received) Read the requirements Requirement 1. Determine the maturity date and maturity value of each note (For each applicable note, compute interest using a 365-day year. Round to the nearest dollar) Due date NoteDatePrincipal Amount Interest Rate Termm 16,000 20,000 14,000 Month/Day Year (1) Oct 1 (2) Jun. 30...
Requirement a. Journalize the transactions for the year. Requirement b. Post the journal entries to t-accounts....
Requirement a. Journalize the transactions for
the year.
Requirement b. Post the journal entries to
t-accounts. Use the dates as posting references for the journal
entries to post each entry to the relevant accounts, then compute
the unadjusted balance of each account. Label the unadjusted
balances with Unadj.. Bal. (For accounts with a $0 ending
balance, select "Unadj. Bal." and enter "0" on the normal balance
side of the t-account.) Review the journal entries prepared in
Requirement a.
Requirement c....
Hello, please help answer this question ASAP! Thank you! :) i Data Table Purchases of materials,...
Hello, please help answer this question ASAP! Thank you! :)
i Data Table Purchases of materials, on account $ 53,000 Materials requisitions: 41,800 1,000 Direct materials Indirect materials Labor incurred (not yet paid): Direct labor 27,600 Indirect labor 1,510 We were unable to transcribe this imageSunflower Company makes artificial flowers and reports the following data for the month. (Click the icon to view the data.) Journalize the entries relating to materials and labor. (Record debits first, then credits. Exclude explanations...
Sco Question 1, Comprehensive Problem 4-1 (book/static) Miller Delivery Service completed the following transactions during December...
Sco Question 1, Comprehensive Problem 4-1 (book/static) Miller Delivery Service completed the following transactions during December 2016: i (Click the icon to view the transactions.) Read the requirements. Requirement 8. Journalize the closing entries and post to the T-accounts. Begin by journalizing the closing entries. (Record debits first, then credits. Exclude explanations from journal entries.) Start by closing revenues. Review the Income Statement columns of the worksheet completed in Requirement 4 Debit Credit Accounts Date Dec. 31 Clos. (1) Choose...
Data Table Accounts payable Accounts receivable Accumulated depreciation, S 12,800 Interest expense S 1,100 16,200 13,500...
Data Table Accounts payable Accounts receivable Accumulated depreciation, S 12,800 Interest expense S 1,100 16,200 13,500 5,300 16,100 Note payable, long term Other assets, long-term 7,300 Prepaid expenses equipment Advertising expense Cash Common stock Current portion of long-term 10,900 Retained earnings, 17,000 January 31, 2017 Salary expense Salary payable 13,400 26,600 3,500 94,000 3,000 4,300 3,700 3,300 note payable Depreciation expense-equipment Dividends declared Equipment 1,100 Service revenue 1,100 Supplies 14,000 42.400 Supplies expense Unearned service revenue Print Done Requirements uemaliu...
Requirement 1. Journalize the transactions. Explanations are not required. (Record debits first, then credits. Exclude...
Requirement 1. Journalize the transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) May 19: Issued 2,000 shares of $1 par value common stock for cash of $10.00 per share. Date Accounts Debit Credit May 19 Cash 20,000 Paid-In Capital in Excess of Par—Common Common Stock—$1 Par Value 18,000 2,000 Jun. 3: Issued 200 shares of $2, no-par preferred stock for $10,000 cash. Date Accounts Debit Credit Jun. 3 Cash 10,000 Preferred Stock—No...
Added requirements ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ The first icon is the Data Table at the bottom of the question...
Added requirements
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ The first icon is the Data
Table at the bottom of the question
Options for above boxes are "Beg Bal." for the top left
and top right boxes and "Bal." for the bottom left and bottom right
boxes.
Between them, vertically, the options for the boxes are "Direct
labor assigned to jobs", "Direct materials purchased", "Direct
materials used", "Jobs 142 and 143 complete", "Labor incurred", and
"MOH allocated to jobs".
The 2 columns in the middle are...
I need help, am stuck on requirement #4, for this question. I need help with Journalizing...
I need help, am stuck on requirement #4, for this question. I
need help with Journalizing the entry for accrual of interest and
amortization of discount on December 31,2018 and and the payment
of interest on January 1,2019.
Wibur Company borrowed money by issuing 55,000,000 of 7% bonds payable al 101.4 on July 1, 2018. The bonds are five-year bonds and pay interest each January 1 and July 1. Read the requirements Date Credit Debit 5,070,000 Jul Accounts 1 Cash...
Х Data Table Cash 111 Accounts payable 211 Oct 1 5,000 Oct 1 2,100 Accounts receivable...
Х Data Table Cash 111 Accounts payable 211 Oct 1 5,000 Oct 1 2,100 Accounts receivable 112 Notes payable 212 Oct 1 3,300 Oct 1 15,000 Print Done Data Table - 113 Common stock 311 Supplies 700 Oct 1 Oct 1 33,400 114 Service revenue 411 Building 40,000 Oct 1 Oct 1 2,100 Office furniture 116 Rent expense 511 Oct 1 2,900 Oct 1 700 Print Done Requirements - X 1. Journalize the transactions for the month of October. Explanations...
Herbert Sully manages a Dairy King drive-in. His straight-time pay is $19 per hour, with time-and-a-half...
Herbert Sully manages a Dairy King drive-in. His straight-time pay is $19 per hour, with time-and-a-half for hours in excess of 40 per week. Sully's payroll deductions include withheld income tax of 30%, FICA tax, and a weekly deduction of $7 for a charitable contribution to United Way. Sully worked 55 hours during the week. i (Click the icon to view payroll tax rate information.) Read the requirements Requirement 1. Compute Sully's gross pay and net pay for the week....
We were unable to transcribe this imageWe were unable to transcribe this imageKaty Realty loaned money and received the following notes during 2018 EEB KClick the icon to view the notes received) Read the requirements Requirement 1. Determine the maturity date and maturity value of each note (For each applicable note, compute interest using a 365-day year. Round to the nearest dollar) Due date NoteDatePrincipal Amount Interest Rate Termm 16,000 20,000 14,000 Month/Day Year (1) Oct 1 (2) Jun. 30...
Requirement a. Journalize the transactions for
the year.
Requirement b. Post the journal entries to
t-accounts. Use the dates as posting references for the journal
entries to post each entry to the relevant accounts, then compute
the unadjusted balance of each account. Label the unadjusted
balances with Unadj.. Bal. (For accounts with a $0 ending
balance, select "Unadj. Bal." and enter "0" on the normal balance
side of the t-account.) Review the journal entries prepared in
Requirement a.
Requirement c....
Hello, please help answer this question ASAP! Thank you! :)
i Data Table Purchases of materials, on account $ 53,000 Materials requisitions: 41,800 1,000 Direct materials Indirect materials Labor incurred (not yet paid): Direct labor 27,600 Indirect labor 1,510 We were unable to transcribe this imageSunflower Company makes artificial flowers and reports the following data for the month. (Click the icon to view the data.) Journalize the entries relating to materials and labor. (Record debits first, then credits. Exclude explanations...
Sco Question 1, Comprehensive Problem 4-1 (book/static) Miller Delivery Service completed the following transactions during December 2016: i (Click the icon to view the transactions.) Read the requirements. Requirement 8. Journalize the closing entries and post to the T-accounts. Begin by journalizing the closing entries. (Record debits first, then credits. Exclude explanations from journal entries.) Start by closing revenues. Review the Income Statement columns of the worksheet completed in Requirement 4 Debit Credit Accounts Date Dec. 31 Clos. (1) Choose...
Data Table Accounts payable Accounts receivable Accumulated depreciation, S 12,800 Interest expense S 1,100 16,200 13,500 5,300 16,100 Note payable, long term Other assets, long-term 7,300 Prepaid expenses equipment Advertising expense Cash Common stock Current portion of long-term 10,900 Retained earnings, 17,000 January 31, 2017 Salary expense Salary payable 13,400 26,600 3,500 94,000 3,000 4,300 3,700 3,300 note payable Depreciation expense-equipment Dividends declared Equipment 1,100 Service revenue 1,100 Supplies 14,000 42.400 Supplies expense Unearned service revenue Print Done Requirements uemaliu...
Requirement 1. Journalize the transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) May 19: Issued 2,000 shares of $1 par value common stock for cash of $10.00 per share. Date Accounts Debit Credit May 19 Cash 20,000 Paid-In Capital in Excess of Par—Common Common Stock—$1 Par Value 18,000 2,000 Jun. 3: Issued 200 shares of $2, no-par preferred stock for $10,000 cash. Date Accounts Debit Credit Jun. 3 Cash 10,000 Preferred Stock—No...
Added requirements
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ The first icon is the Data
Table at the bottom of the question
Options for above boxes are "Beg Bal." for the top left
and top right boxes and "Bal." for the bottom left and bottom right
boxes.
Between them, vertically, the options for the boxes are "Direct
labor assigned to jobs", "Direct materials purchased", "Direct
materials used", "Jobs 142 and 143 complete", "Labor incurred", and
"MOH allocated to jobs".
The 2 columns in the middle are...
I need help, am stuck on requirement #4, for this question. I
need help with Journalizing the entry for accrual of interest and
amortization of discount on December 31,2018 and and the payment
of interest on January 1,2019.
Wibur Company borrowed money by issuing 55,000,000 of 7% bonds payable al 101.4 on July 1, 2018. The bonds are five-year bonds and pay interest each January 1 and July 1. Read the requirements Date Credit Debit 5,070,000 Jul Accounts 1 Cash...
Х Data Table Cash 111 Accounts payable 211 Oct 1 5,000 Oct 1 2,100 Accounts receivable 112 Notes payable 212 Oct 1 3,300 Oct 1 15,000 Print Done Data Table - 113 Common stock 311 Supplies 700 Oct 1 Oct 1 33,400 114 Service revenue 411 Building 40,000 Oct 1 Oct 1 2,100 Office furniture 116 Rent expense 511 Oct 1 2,900 Oct 1 700 Print Done Requirements - X 1. Journalize the transactions for the month of October. Explanations...
Herbert Sully manages a Dairy King drive-in. His straight-time pay is $19 per hour, with time-and-a-half for hours in excess of 40 per week. Sully's payroll deductions include withheld income tax of 30%, FICA tax, and a weekly deduction of $7 for a charitable contribution to United Way. Sully worked 55 hours during the week. i (Click the icon to view payroll tax rate information.) Read the requirements Requirement 1. Compute Sully's gross pay and net pay for the week....
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